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Crypto Rallies as Trump Emerges Victorious

Crypto Rallies as Trump Emerges Victorious

Donald Trump’s victory at the polls, which saw him secure both the Electoral College and popular vote, has sparked a remarkable surge in digital asset prices, with Bitcoin reaching an all-time high above $76,000, and the broader crypto market capitalization soaring by 4.5% to $2.54 trillion, per CoinMarketCap data.

The S&P 500 also had it’s best post-election day in history, closing 2.5% higher and bringing its year-to-date growth to 29%.

Pro-Crypto Turnaround

After a year of pivoting on his stance towards digital currencies, Trump’s victory has been interpreted as a major win for the crypto industry. While previously known for his skepticism about Bitcoin, Trump has reversed course in recent months, vowing to make the US a global…

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